Chinese streaming giant Bilibili stock rises after earnings beat

on Feb28
by | Comments Off on Chinese streaming giant Bilibili stock rises after earnings beat |

Chinese streaming giant Bilibili Inc.














BILI, +0.66%












shares rose 2.7% in the extended session Wednesday after the company beat earnings expectations. The company reported fourth-quarter net losses of $27.8 million, which amounts to 9 cents a share. Adjusted for stock-based compensation, among other things, earnings were 7 cents a share. Revenue rose 57% to $168.1 million. Analysts surveyed by FactSet expected losses of $32 million on revenue of $155.1 million. The company said it expects first-quarter revenue of RMB$1.27 billion ($189.9 million) to RMB$1.29 billion. Bilibili stock has gained 40% in the past nine months as the S&P 500 index














SPX, -0.05%












rose 2.6%.

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